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20121031
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FOX
Oct 16, 2012 4:00am PDT
brady of rj o'brien gets the ball rolling for us this morning. good morning to you. there has been a lot of drama in oil lately. what is going on? > > i think there are concerns aboua global economic slowdown. the emerging market economies, brazil and china specifically, have suggested their economies are beginning to slow. and of course, the ongoing crisis in europe, as well as perhaps a 2%, 2.2% growth index year in the united states suggests that perhaps closer to $100 a barrel oil was a little bit overpriced. we do think, however, it is going to find equilibrium and support right around the $88-a-barrel level here, and i think the market will most likely keep in tune with what's taking place in the middle east as well. > > how critical will today's earnings be to your trading? we have j&j, goldman sachs, and intel all reporting in. what do you think here john? > > earnings have been coming out on the better side - citigroup on monday for sure, j.p. morgan late last week. so goldman's earnings should be pretty strong. goldman was up 4% in trading yesterday. our sense is this: not
FOX
Oct 10, 2012 4:00am PDT
, why one trader says boring is good when it comes to investing. a documentary takes us behind the scenes of a gm factory closure. and a trader's impression on alcoa's earnings. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, october 10th. i'm angela miles. in today's first look: earnings from alcoa and yum brands. first up alcoa. the aluminum company posted a loss, but still managed to top expectations. alcoa lowered its growth forcast to 6% from 7%. the company has $1.4 billion cash on hand. apparently there's a lot of money in chicken and tacos. yum brands, which owns kfc and taco bell, reported stronger-than- expected earings and raised its full-year guidance. meanwhile, tuesday was a down day on wall street. stocks and gold sold off on global economic concerns, while oil rallied. nhl talks could resume today between players and owners. the commissioner says major money issues are not on the agenda. and the cfo of best buy is leaving the company after 10 years on the job. todd horwi
FOX
Oct 1, 2012 4:00am PDT
trading advantage joins us now. larry, here we are. it's the month of october. do investors have reason to be nervous or afraid of this month, which can sometimes be a bit scary? > > you know angie, if we weren't sitting a month in front of the election, then i would say yes. but with the election ahead, i believe these markets will keep going up. we dropped a little bit last week, but i think we'll find some support. buyers will come in, and i think october will pretty much be an up month. but if you took the election out of there, i would tend to agree with you. > > will china be in focus today for traders? > > i think people will lose at that certainly. we've been talking a lot about the growth slowing down, if that's what's going on there, because that's an issue, that's going to be in issue here. so certainly this week, and especially today, traders are going to watch that. > > as we face the week ahead, there's a jobs number at the end of the week. what will you be buying or selling ahead of that? > > i really am a big fan of the stock indexes, and i think the stocks indexes can h
FOX
Oct 9, 2012 4:00am PDT
for $1.5 billion. mark sebastian of option pit mentoring joins us now. will some eyes be on europe today mark? > > i think europe's interesting. i think everybody is waiting for the spanish regional elections on october 21st to see if after that they ask for the bailout. we've seen some real strength in the euro. i'm not sure that can last if spain asks for a bailout, and i think we're running into some technical highs on the currency. expect to see the euro drop a little bit here. > > here in the united states a lot of people are concerned about alcoa's earnings, which come out after the close and kick off the earnings parade. > > earnings cycles the last couple of cycles have been "expect the worst and get mediocre," which ends up being bullish. remember, this is a market of expectations, not of results. we're actually seeing a lot of call buying in alcoa ahead of the earnings, so don't be shocked if we get a little bit of a pop tomorrow, and that could really set a precedent for the entire earnings season. > > we also saw some unusual action happening in netflix yesterday as wel
FOX
Oct 11, 2012 4:00am PDT
year, especially those using heating oil. those bills are projected to rise 20%. lately the hot market has been cooling off. phillip streible of rjo futures joins us. good morning to you. what's your first impression of earnings? > > we've seen a lot of liquidation in the s&p 500 recently. investors are quite concerned about a slowdown in global growth, and also a slowdown in china. we saw alcoa start to come off here yesterday. there was concern that aluminum prices forecasted going forward would be a little bit lower because of that slowdown in china. > > coming up on friday we have financials in focus with wells fargo and j.p. morgan reporting in. can you see any positioning among traders on those stocks? > > i still think that traders are going to be a little bit more defensive. they're going to start looking at more defensive plays, looking at gold, looking at the u.s. dollar index or also treasuries. they believe that financials should continue a momentum lower, as we've seen over in european banking shares. > > the vice presidents debate tonight. after the presidential de
FOX
Oct 29, 2012 4:00am PDT
dipped 14 cents from last week. kevin craney of rjo futures joins us on this monday morning. good morning to you kevin. > > good morning. > > better-than-expected news about the economy came out in that gdp number on friday. will we see follow-through in the market today? > > i think you will see a little bit of follow-through. that number is really a feel- good number. 2% above expectations. but really i do think it's important to dig down into the details of that number - fixed investment and exports actually contracting. so, the question is how long can the consumer continue to spend and the government continue to spend and prop up the economy? so, i think that's something you have to watch. but yes, i do think we'll see a little follow-through today. > > how much of an effect do you think this storm that seems to be brewing out there, wicked whether this week, will affect the market? will it be rattled? > > the models say that this storm could be a really big storm, going back to predate some of the other historic ones. i think you could see a little lower volume if it really
FOX
Oct 18, 2012 4:00am PDT
joins us this morning for a look at the market. larry, what is driving this market? > > right now it seems like it's not earnings, because we saw yesterday, ibm's earnings, they didn't do very well - down 5.5% in the stock, but yet the stock market still rallied. i think it's a broader focus. the european tail risk has gone away. u.s. and china numbers aren't great, but they're stabilizing. so i think people are getting their heads around the fact that things have perhaps bottomed out in the market. > > as you mentioned, ibm was a heavy weight on this market yesterday. could that continue on into today? > > it definitely could, and we'll see earnings coming out later. but right now i think the expectations are so low for the market, and i do believe that most people are looking past quarter three and maybe even quarter four, and i think more people are looking toward china and looking toward europe for where the market is going to go next, and not really on earnings per say. > > what about ge though? this sometimes can be a market mover. the earnings are coming up on friday morning.
FOX
Oct 31, 2012 4:00am PDT
. george lucas is the creator of "star wars." tres knippa of kanai capital management joins us this morning. good morning. at last, a trading day for you there. tres, i wonder, what's the trade that you're really aching to get in. what do you think will be your first trade today? > > in the last couple of days, as you analyzed what happened and as the storm hit, there were kind of some absolutes in my mind about what should have happened. number one, as you close refineries along the eastern seaboard, you should have seen spikes in unleaded gasoline prices. but by the same token, if those refineries are closed, that means that the end users don't need crude. they're not going to buy crude. so that should have been very bearish, the crude oil market. the crude oil market didn't break nearly as much as i expected it to. and the other thing that i noticed is- keep in mind i trade futures. in futures, futures have contract months. the lead month is december, and you trade every single month. so presumably, you would think that the front months of crude would have weakened toward the bac
FOX
Oct 22, 2012 4:00am PDT
the answer to that question. ben lichtenstein of tradersaudio.com joins us on this monday morning. what a sell-off on friday, ben. what are you watching technically here to tell you whether this is a buying point or a selling point? > > i'm keeping an eye on this big level of support right now in the s&p. last week we had a low in the overnight session, headed into the morning session down below that key level of support, which we've seen hold multiple times in day-session trade - we're talking 1425. but that overnight session low that we saw was 1416. now, we did see high-energy trade to the downside on friday, a continuation of the weakness that we have basically been seeing all week last week. but still unable to breach that major level of support, that 1416 level. so that's certainly going to be a level to the downside. up above, i think it's around 1435 or so. that's really where the energy started to come into the downside on friday. so, it's really 1416 to 1435 if you will, but most of the other major markets - the broader- based market, the russell, and the tech sector, th
FOX
Oct 5, 2012 4:00am PDT
, how to use election year to make money! first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. october 5th. i'm angela miles. in today's first look: you know the drill - it's the first friday of the month, making it a jobs friday. economists and traders expect up to 120,000 jobs were added in september and the unemployment rate will remain around 8.1%. ahead of the news, stocks and commodities rallied after jobless claims and factory orders came in better than predicted. a zynga sell off! the struggling social media game company cut its full-year outlook. shares dropped below $3. reports say at&t will sell nokia's new lumia smartphone. the national hockey league has cancelled all regular season games through october 24 as players and the league fail to reach a contract agreements. and schwab & amertride are reportedly closing some offices in the e.u. john brady of rj o'brien joins us now. john, jobs are on tap this morning. > > expectations are for non- farm payrolls in the month of september to reach plus 1
FOX
Oct 17, 2012 4:00am PDT
caddillac for 2013. todd horwitz of the adam mesh group is here to give us a trader's take on the big topics of the day. good morning to you. > > good morning to you. thanks for having me on. > > what are your observations so far on some of the tech earnings and earnings from banks as well coming in? > > i think the earnings picture has been fair. remember, we downgraded a lot of these earnings coming in, so the beats are coming on less-than- expected numbers to begin with. goldman sachs yesterday had good earnings, but the stock sold off late in the day. we're starting to see some of the other banks and financials sell off. last night intel came out with their earnings, and they beat way down. the stock was trading lower. ibm had a pretty big miss. so, whatever beats we're getting are beating on downgraded earnings. so it's really hard to take a range here. the market itself is really just churning back and forth in consolidation. nobody is running back up to the upper edge off a natural bounce off the support here. > > what about the election? is that holding up trading in any way here? >
FOX
Oct 23, 2012 4:00am PDT
chase over bear stearns' role in the financial crisis. scott bauer of trading advantage joins us on this tuesday morning. good morning to you, and stocks turned into the comeback kid yesterday. > > it was quite a reversal. we saw the market come out of the chute yesterday morning, and then, during the day, as apple's sold off a little bit - i don't want to say that apple was negative, but we saw apple selling off midday - the market kind of followed its trend, and then all of a sudden buyers stepped back in, and boy, that last hour of trading we saw such a huge reversal in the marketplace, in the volatility, and i really think that's going to carry on to the trading day today. > > what are you seeing as far as money rotation between stocks and bonds? > > you know, with the big pullback that we saw last week, almost 3% in the last three trading days, that gave investors on the sideline or with assets elsewhere an opportunity to come back into this marketplace a little bit. i really believe that any time we see any sort of pullback, 1, 2, 3%, that's going to give these investors that
FOX
Oct 4, 2012 4:00am PDT
. larry shover of sfg alternatives joins us now for a closer look at the trading day. good morning to you. will oil be the big story of the day today larry? > > it could be. keep in mind oil dropped over 3% yesterday. we found out the refinery margins are higher, inventories are at a 3-month high right now. i hate to break the news, but i don't think we're going to see oil going much lower from here. > > what about the stock market? it feels like stocks are at a standstill. > > right now the pain train seems to be going higher. new york stock exchange came out yesterday reporting that volumes are down 7% on a 3- month average. it's a convictionless market, but people have to put their money to work, and i think we're just ratcheting higher very slowly. > > how much will hewlett- packard's problems play into the trading today? the company's ceo meg whitman coming out and saying she sees 2013 as a fix- it kind of year. > > it's something that's contagious in earnings season, a big company like hewlett- packard saying something like that on the backs of what caterpillar said last week, i thi
FOX
Oct 12, 2012 4:00am PDT
term "muppet" was frequently used to describe clients. now reports say the firm cracked down on the language by searching through e-mails. 4,000 muppet references were found, but that doesn't necessarily imply guilt. goldman says most of those were refering to last year's muppet movie. foreclosures fell to the lowest level in 5 years in september. it's the second plunge in a row. although there were some declines, the top 5 states with the highest foreclosure rates are florida, arizona, california, georgia and illionis. however, illinois is out with an innovative plan to keep people in their homes with a beneveolent hedge fund backed by the treasury that buys up deliquent loans. "we had our first couple of big purchases of loans. these are loans that are delinquent. we purchased them at a discount anywhere between 40 and 50 cents on the dollar. and, our intent is to take that 50 cents on the dollar savings, leverage it, modify the existing homeowners' mortage to a level they can afford and keep the homeonwer in the home." that was mary kenney of the illinois housing development auth
FOX
Oct 3, 2012 4:00am PDT
disappointed that the nyag decided to pursue its civil action without ever offering us an opportunity to rebut the claims and without developing a full record. "they knew that the system was dysfunctional; they really weren't checking on quality of loans effectively. eventually this conduct and conduct by this firm and others led to the collapse of the housing market and the crash which we are still paying for today." critics question, what took so long to go after wall street? "this is just the beginning of the realization of the commitment the president made in january when he announced the formation of this working group. this is the first step. it's far from the last step." in this case, the attorney general is seeking investor damages and hopes to recoup losses. the senate is hatching a plan to avoid a looming fiscal fiasco becoming better known as "the fiscal cliff." the new york times says a group of bi- partisian lawmakers outlined a three-tiered plan to avoid automatic tax hikes set to go into effect in january. lawmakers must also lay the groundwork on a basic plan to reduce th
FOX
Oct 24, 2012 4:00am PDT
us this morning. tim, what's behind the big drop in the market? > > i think there's concerns of global economic growth, and namely earnings have been disappointing, especially in the top-line growth side. there's been about 140 companies that have reported so far in the s&p 500. about 60% of them missed on revenue. so that adds concern on the earnings front as well as in the global economic growth front. > > and is that what is troubling oil as well, with that slide? > > that contributes too. materials were weak, the weakest part of the market sell- off, as well as the energy. and of course crude oil. but also remember the fact that iran is coming to the talks, nuclear talks, with the u.s., which i think also maybe took a little bit of the edge off of crude prices as well. > > the speculators. ...the alleged speculators. let's move on- > > you can't blame it on the speculators. > > it's just a lot of premium. they love the premium, let's put it that way. > > right, right, right. > > let's move on to china. what's an update there? > > i think in china what you saw, many people th
FOX
Oct 19, 2012 4:00am PDT
up its i.t. services. scott bauer of trading advantage joins us now from cme group. we have a lot to get to today. first of all, a lot of people are concerned about this so-called black monday. as you know, sometimes there are goblins in this market during the month of october. do you think there is a crash coming our way? > > nope. > > i like that answer. > > very assertive on it. the reason being is really one thing: look at the volatility index, look at the vix. even yesterday, with the massive sell-off in the middle of the day of google, the vix barely changed. we are still trending down toward really almost its all-time lows. so anybody can go out there and just buy cheap protection in this marketplace. if there was something really imminent, really impending, we would see that number climbing up a lot faster, angie. > > let's talk about google. where do you go from here as a trader with google after what happened yesterday, that stock falling more than 8%? > > i wish i could be as assertive with this answer. we're really in no man's land right here. when i say no man's land, $7
FOX
Oct 26, 2012 4:00am PDT
tvs could cost you 20 grand. plus....traders give us their vote on which way the market is leaning in the election. and.... what apple earnings reveal about ipads, iphones, and consumers.first business starts now. you're watching first business: financial news, analysis, and today's investment ideas good morning. it's friday, october 26. i'm angela miles. in today's first look traders will be talkin' tech today. apple missed on earnings, although revenue was strong. iphone sales were solid, while ipad sales were weak. pandora tripped the circuit breakers yesterday after bloomberg news reported apple is planning a radio service similar to pandora. the stock tumbled 11% in a 10 minute free fall. amazon was another downer last night. the tech company posted its first quarterly loss in 4 years. here's a bright spot. expedia stock soared 11% on better than expected earnings. that stock is up more than 70% this year. mark sebastian of option pit mentoring joins us now. what do you like in tech earnings that could actually move the market today? we had amazon announced last night and they
FOX
Oct 2, 2012 4:00am PDT
allegations that it illegally charged customers with late fees and used other deceptive practices. tails are wagging at petsmart. the company is leaving the nasdaq to join the s&p 500, pushing out sunoco. scott bauer of trading advantage has his eyes on the market for us today. good morning to you scott. > > good morning angie. > > it was a mixed market yesterday, with some mixed data coming in. what do you think was most important to the markets yesterday? > > honestly, we had that ism number that came out near the opening of the market, which, albeit not being a great number, was a better-than- expected number. but i really think the market had been set up for a little bit of a rally based on the news that had come out overnight on sunday night, out of china and out of spain. first off, out of china, their manufacturing number wasn't great, but better than expected, showing a bit of expansion. and out of spain, with the bank stress tests, the banks didn't need as much as originally thought. so i think those two key pieces actually set the support up for the marketplace to come out. now, ta
FOX
Oct 30, 2012 4:00am PDT
areas. authorities recommend people use text messaging rather than phoning or internet during large scale disasters. texting uses far less network capacity. several corporations are postponing earnings reports in the wake of hurrican sandy. among some notable companies that were supposed to report today pfizer, sirius xm radio, power plant company nrg, martha stewart living and avon are all waiting until later this week or even next week to report numbers. a number of potentially market moving events are cancelled in new york. new york federal reserve president william dudley has called off his speech today in connecticut. his remarks tend to be closely monitored because he's reportedly viewed as a close confidante of fed chair ben bernanke. facebook dropped plans for an engineering open house tuesday in new york... plus an event thursday at fao schwartz for facebook gifts- a feature allowing users to send gifts to friends. google cancelled its flashy android event in the big apple. but still revealed its nexus 10 tablet and nexus 4 smartphone on its website. the 7 inch tablet sells
FOX
Oct 8, 2012 4:00am PDT
us on this monday morning. will we see a follow-through from that jobs number that came out on friday? > > that's a really interesting question. the reason why i bring that up is because the market reaction to the number, it was really well received. we saw the s&p 500 push up to 2007- level highs. but as the day went on, it really started to adjust the data, started looking at the larger global picture, and we saw the stock market start to pull back aggressively. so, it's going to be a tough call for the week going forward. > > we also start a new round of earnings on tuesday philip. > > i think that that's what's going to start the next major trend. alcoa comes out after the bell. generally they try not to disappoint. we are probably going to see the s&p match the previous week highs, and if it breaks through that 1477, i think we're going to shoot for 1500. > > what commodities are on your watch list for the new week? > > probably the most important one is still oil. oil is something that everybody knows about, and oil prices have backed off from $100, dropping below $90. an
FOX
Oct 25, 2012 4:00am PDT
us now. good to have you on the show. will we see some fallout perhaps from the fed meeting that happened yesterday and the rate announcement? > > you know, we could. but i think people are just expecting miracles from bernanke, and the fact is, he just came out and stated what we all thought he was going to state, and that is, rates are going to stay low for a while. but i think people were expecting some type of silver bullet to propel the markets higher. he has no reason to do that at this point. > > what is your outlook on oil? > > oil dropped again yesterday, and really it's all about supply, it's not about demand. let's keep in mind north sea oil production is back up to where it was a year ago. it's been down a lot over the last year, so it's simply just a fact of supply. also keep in mind that refinery margins are at a high that we haven't seen for about three years. so, people are refining oil as the getting is good right now. > > we have a report on that coming up in the show, larry. and also, apple earnings after the close and other corporate earnings yet-to-be this we
FOX
Oct 15, 2012 4:00am PDT
it's causing a drop in used car prices. more new models are being traded in. car prices are down an average of 2.1% from last year. larger cars' and vans' prices have actually increased, while small and midsize cars have dropped the most. midsize and crossovers dropped 5.1%. luxury car prices fell 5.9%. midsize suvs saw the largest price drop, 11.2%. postal prices are going up next year. starting january 27th, the price of a first class stamp will rise by a penny. other postal services will also get a hike. the cash-strapped postal service needs revenue and has begged congress - to no avail - for relief from a law passed in 2006 ordering usps to set aside money for "future" retiree benefits. kraft is giving a jolt to the single-serve coffee market. it's ready to sell maxwell house and gevalia k-cups. green mountain patents on the design of its k-cups expired in september. that opens the market to competitors. kraft makes the tassimo single-serve coffeemaker. dunkin brands, starbucks, and bunn now make k- cups, as well as safeway and kroger. best buy is getting all matchy matchy. the
Search Results 0 to 22 of about 23